Stock futures edge higher as investors await Nvidia earnings, inflation report due later this week: Live updates
Nvidia reported fiscal 2027 second quarter revenue of $96.22 billion, a 106% increase that beat the LSEG consensus of $92.165 billion. Adjusted earnings per share rose 128% to $2.46, exceeding the $2.10 estimate. The company forecast fiscal 2028 revenue growth of 70%. Following the report and a conference call with CFO Colette Kress, shares rose more than 4%. Wall Street analysts responded by raising price targets for the chipmaker after the results. Global markets remain focused on upcoming U.S. inflation data to determine further direction.
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- ✓ Nvidia fiscal 2027 second quarter revenue increased 106% to $96.22 billion.
- ✓ Adjusted earnings per share for the quarter rose 128% to $2.46.
- ✓ Nvidia forecasts revenue growth of 70% for fiscal 2028.
- ✓ Nvidia shares rose more than 4% after the post-earnings conference call.
What changed
Nvidia released its Q2 2027 financial results showing revenue and earnings that exceeded analyst expectations.
Live updates
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Nvidia beats estimates with 106% revenue growth and strong fiscal forecasts
Nvidia reported fiscal 2027 second quarter revenue of $96.22 billion, a 106% increase that beat the LSEG consensus of $92.165 billion. Adjusted earnings per share rose 128% to $2.46, exceeding the $2.10 estimate. The company forecast fiscal 2028 revenue growth of 70%. Following the report and a conference call with CFO Colette Kress, shares rose more than 4%. Wall Street analysts responded by raising price targets for the chipmaker after the results. Global markets remain focused on upcoming U.S. inflation data to determine further direction.
Why it matters
Nvidia had recently faced its longest losing streak since 2022, which weighed on the Nasdaq. This earnings report serves as a critical indicator of sustained AI demand. Investors are now balancing these corporate results against broader economic signals from the Federal Reserve and inflation reports.
What is confirmed
- Nvidia fiscal 2027 second quarter revenue increased 106% to $96.22 billion.
- Adjusted earnings per share for the quarter rose 128% to $2.46.
- Nvidia forecasts revenue growth of 70% for fiscal 2028.
- Nvidia shares rose more than 4% after the post-earnings conference call.
Still unconfirmed
- Oil prices are falling due to hopes that the Strait of Hormuz will reopen.
- Hot inflation data is fueling bets for further rate hikes.
What to watch next
- Release of U.S. inflation data
- Market reaction to the Federal Reserve's Jackson Hole summit
confidence 100%Sources used for this update (5)
- www.globalbankingandfinance.com — World stocks inch up as oil drops on Hormuz hopes ahead of data, Nvidia results
- economictimes.indiatimes.com — Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: US stocks muted ahead of Nvidia results, hot inflation fuels rate-hike bets
- www.cnbc.com — Nvidia forecasts fiscal '28 revenue growth of 70%, soaring past estimates: Live updates
- www.cnbc.com — Nvidia wows Wall Street with a strong quarter and an eye-popping sales forecast
- www.cnbc.com — Nvidia just had another blowout quarter, leaving analysts even more bullish on the chipmaker
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Stock futures edge higher ahead of Nvidia earnings, inflation report
US stock futures are higher as investors await Nvidia's earnings report and an upcoming inflation report. This week, tech stocks have come under pressure, with Nvidia experiencing its longest losing streak since 2022, dragging on the Nasdaq. The market is recovering in the countdown to Nvidia's earnings and the Fed's Jackson Hole summit.
Why it matters
The performance of tech stocks, particularly Nvidia, is significant as it can impact the broader market. The upcoming inflation report and Nvidia's earnings will provide insights into the current state of the economy and the tech industry. Investors are closely watching these developments to gauge the future direction of the market.
What is confirmed
- Nvidia is experiencing its longest losing streak since 2022
- The Nasdaq has been dragged down by Nvidia's performance
- Investors are awaiting Nvidia's earnings report and an upcoming inflation report
What to watch next
- Nvidia's earnings report
- The inflation report due later this week
- The Fed's Jackson Hole summit
confidence 90%Sources used for this update (8)
- economictimes.indiatimes.com — Dow Jones
- CNBC — Stock futures are flat as investors await Nvidia earnings, inflation report due later this week: Live updates
- Yahoo Finance — Stock market today: S&P 500, Nasdaq futures recover in countdown to Nvidia earnings, Fed Jackson Hole summit
- Seeking Alpha — Wall Street mixed as tech stocks come under pressure
- Barron's — Nvidia's Longest Losing Streak Since 2022 Is Dragging on the Nasdaq
- Bloomberg.com — Nvidia Stock Bulls Get Punished in the Run-Up to Earnings
- Investing.com — U.S. stock futures rise as investors await Nvidia results, inflation data By Investing.com
- economictimes.indiatimes.com — Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: US stocks open higher as tech stocks rebound before Nvidia results, data
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